Political Quotes

Jeb Hensarling: “either there is a surplus or there is not a surplus. It is really that simple. So now the question is if there is a…”

On the recordSeptember 18, 2007
either there is a surplus or there is not a surplus. It is really that simple. So now the question is if there is a surplus, what do you do with it. We believe that surplus ought to go back to the people who paid for it in the first place. And if it is not going to go back to them, it ought to serve them and it should ensure the solvency of this program, since we know Uncle Sam's track record on just about every other Federal insurance program is terrible. This should ensure the solvency of the program. We do not need a funding mechanism for another housing program that does not exist on top of the 90, many of which are not working. Madam Chairman, I yield back the balance of my time.
Said by
Jeb Hensarling
Republican · Texas
Source
govinfo.gov

Editor's note · Context

Discussing the allocation of budget surplus during a congressional debate.

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